A Guide To Buying Your Home

A Guide To

BUYING YOUR HOME

Captain

Captain

Navigating yo

Navigating you home Fara Captain, Ninja Cell: (901) 500-8034 | FaraCaptain.com

Office: (901) 276-8800

Captain Captain

Navigating home Navigating youyou home

Success is measured by how Happy my clients are!

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Captain Captain

Navigating home Navigating youyou home

Crye-Leike Midtown Office #1 Agent 2016 & 2017 Fara Captain took a leap of faith in 2013 when she made the decision to follow her heart and make a career switch into real estate. Her early success was rewarded by being voted Yelp’s favorite Realtor® 2014 & 2015. In October of 2015, she was featured as one of the “Women to Watch” by the Memphis Magazine. Her growing success is evident by being the leading agent at the Crye-Leike Midtown Office in 2016 & 2017.

She is very passionate about being a quality real estate agent and believes in providing outstanding customer service to all her clients. Fara believes in making sure all her clients’ needs are met, and she understands the importance of communication and timely responses.

Why call the Captain as your next Buyer’s Agent?

Fara Captain is an Accredited Buyer Representative (ABR®). In her early 20’s, she decided it was time to buy her own home. However, despite her efforts, she was constantly dismissed by Veteran agents and was left feeling lost and disappointed. This unsavory experience was the very reason the Captain decided to become an agent and change the game altogether. She believes in walking through the buying process with an initial sit down meeting. She is well-known by her clients to “hold their hand” through the process and turn a supposedly stressful journey into a fun enjoyable experience. Whether you are a first time home buyer or simply want the latest buying experience to be better than the first one, she will ensure your needs are met.

According to Realtor.com, “An ABR® is your ace in the hole when buying a home. When every dollar counts, it pays to have someone trained to negotiate the price, terms, and conditions to your advantage: Only a buyer’s agent can do that for you.” An ABR® agent does this and MORE! That’s why the Captain went the extra mile and got the specialized training to ensure that she is delivering the BEST in her buyer-representation services. As an ABR®, she is dedicated to provide her Buyers with all of the services below (and more): · Informing you all she knows about the seller*, while keeping your information confidential. · Paying full attention to your needs and housing specifications. ·N egotiating on your behalf and attempting to solve problems to your advantage and satisfaction. * Some information regarding both parties must always remain confidential. In rare cases, an agent mediates the transaction between the buyer and the seller. Ask Fara for more details about being a facilitator.

A portion of the Captain’s commission always goes to the charity of her client’s choice.

Fara Captain | Crye-Leike, REALTORS® 1715 Union Ave | Memphis, TN 38104 O: 901-276-8800 | C: 901-500-8034 email: captainsellsmemphis@gmail.com website: www.faracaptain.com

FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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Captain Captain

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What is an ABR® YOUR ACCREDITED BUYER’S REPRESENTATIVE IS A TRAINED EXPERT ON BUYING HOMES. But he or she is not the only person with helpful advice. Consider these home-

buying tips from other consumers - people who recently completed their own real estate transaction - and the suggestions they’d offer to other buyers.

1. M ake sure you’re working with someone you trust.

2. M arket knowledge and experience are important, but the best agent is one who will take the time to get to know you and understand your housing needs, as well as your personality and communication preferences.

3. R ead all agreements and ask questions about anything you don’t understand.

4. T ake time to do homework on your needs and wants. Get a solid grip on what’s essential (whether it’s price, location, certain home features, etc.) versus what’s ‘nice-to-have.’ Your agent will be more successful in helping you find the right home if you’re able to clearly communicate your preferences.

5. D on’t waste time viewing properties that might not fit your needs. For instance, if you’re uncertain about the neighborhood, drive by the home on your own and ask yourself if you’d be happy in this area.

6. T he real estate search process can be stressful, but don’t buy a home that doesn’t feel right. After all, this will be your ‘home’, the place where you’ll be living, eating and sleeping for years to come.

7. C ommunicate fairly and honestly with your agent. If anything starts going amiss, discuss it immediately.

8. T heir experience gives them important insights into future resale values, up-and-coming neighborhoods, easy home modifications, and other factors that buyers may not be attuned to.

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Captain Captain

Navigating home Navigating youyou home My Resume

QUALIFICATIONS

Lifetime Real Estate Advisor Highly motivated, organized, results-driven, and astute professional, with a proven track record of 96% Sales price/List Price, an Average of only 33 days on Market, and 100% Customer Satisfaction. Affiliate Broker with Crye-Leike, Realtors, the leading real estate company in Memphis, Tennessee. An articulate communicator, decisive leader with strong negotiation abilities. Experience, expertise and skill-set include: ♦ Responsive ♦ Strategic Marketing ♦ Reliable and Trustworthy

♦ Hard-working ♦ Win-Win Negotiation ♦ Team Player

♦ Contract Coordination ♦ Relationship Management ♦ Energetic

EDUCATION University of California, Davis, graduated 2007 Bachelor of Science, Civil Engineering CERTIFICATIONS/RELEVANT COURSEWORK Council of Residential Specialist (CRS) Accredited Buyer Representative (ABR®) Seller Representative Specialist (SRS) Graduate REALTORS® Institute (GRI) Leading RE Relocation Specialist Ninja Selling Certification WORK EXPERIENCE 2013-Current Affiliate Broker, Crye-Leike, REALTORS® Midtown Office #1 Agent 2016 & 2017 Winner of Yelp’s Favorite REALTOR® 2014 & 2015 Memphis Magazine, October 2015, Women to Watch • Assisting Veteran & First Time Home Buyers through the process.

• Assisting Veteran and First Time Home Sellers through the process.

• Providing a customized marketing plan, staging and guidance with repairs.

Broker’s License #00260926 & Affiliate Broker’s License #00327698

Memphis, TN

2006-2013 Project Manager/Project Engineer/Intern California & Louisiana Mildred Osborne School, $21 million, 97,000 SF. Audubon School, $12 million, 55,000 SF. El Camino Hospital Replacement Facility, $262 Million, 469,304 SF. (Award of Merit in Healthcare by McGraw Hill) Golden Gate Bridge Seismic Retrofit, $155 Million.

LEADERSHIP ACTIVITIES/INTERESTS • • • • • • • •

Memphis Area Association of Realtors(MAAR) 2013-current President-YPN, (MAAR) 2017-current Memphis Rugby Foundation, Land Acquisition Chair -2015-current MAAR MLS Committee Member 2017-current Board Member Central Gardens Association 2014- 2017 Memphis Women’s Rugby Club- Fundraising Chair 2013-2014 Memphis Inner City Rugby Coach 2014-2016 Youth Villages Mentor 2014-2015

Other passions: family, rugby, soccer, photography, travel, Memphis revival & volunteering. **References upon request.

FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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Captain Captain

Navigating home Navigating youyou home

Should You Rent or Buy? Speak to a lender to make sure you are qualified.

Do you plan to be in this home for five or more years?

Are you pre-qualified?

Call The Captain!

Have you spoken with a lender?

Do you have an emergency fund?

RENT

BUY

Are you willing to be your own landlord?

By the time of purchase, will you have enough cash saved for a down payment plus fees?

Have you lived in the area before?

Are you saving for other major financial goals?

Will buying a home wipe out all your savings?

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Do you have a credit score in the mid-600s or above?

Can your budget handle not only your mortgage but also the taxes, maintenance, and incidental costs on a monthly basis?

Captain Captain

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Home Buyer Diagram BUYER Capital Initial Consultation Entire Process Overview Buyer Agency Agreement Market Education - MLS Viewing Property

Pick a Lender Submit Loan Application

Select a Home To Buy Write the Offer

Loan Approval Subject to Approval Offer Presented to Seller Negotiation of Terms

Provide Documents to Closing Attorney

ACCEPTED SALES CONTRACT

Schedule Inspections Schedule Survey (if wanted)

Earnest Money Dropped Off

Speak with Your Lender to Schedule Property Appraisal

Perform Inspections If Inspection Issues Not Resolved

Inspection Issues Resolved

Back to Flow Box of Finding a House

Arrange Homeowner’s Insurance Arrange for Movers

Loan Commitment

Sign Closing & Loan Papers at the Attorney’s Office Loan Funded - Title Recorded “Swap” Takes Place

HAPPY HOME OWNER! FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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Captain Captain

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It’s never been easier to plant your roots.

Whether you’re purchasing your first home or refinancing the one of your dreams, Triumph Mortgage has a variety of loan programs that can be tailored to meet your specific needs.

Your job is to find the perfect home. Our job is to help make it yours.

Welcome to Triumph. Let’s talk growth.

Patti Sachenbacher - Lender for Life NMLS#140576 5904 Ridgeway Center Pkwy., Memphis, TN 38120 901-746-5303 | pattis@triumphmortgage.com

A Good Loan Officer Will

communicate with you in a timely fashion and will be easily accessible. They will always put your best interest first. They will be in constant communication with their underwriting department throughout the process. A good loan officer will take care of all of your lending needs from the beginning to the end.

I have worked with plenty of lenders over the years. Finding a good lender can make or break a deal.

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Captain Captain

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Home Inspection As a prospective home purchaser you are looking at potentially the largest investment you will make in your life and you want to make sure that investment is sound and safe for you and your family.

To help secure your investment we always recommend that you have a professional inspection completed by a certified inspector. A qualified inspector will inspect and evaluate critical areas of the structure, including but not limited to:

Home Inspection

Job History- heating, air-conditioning, appliances.Certifications • Mechanical Certified Real Estate Specialist - C Personal Real Estate Consultant, • Electrical - wiring, out of date systems.

Graduate Realtors Institute - GRI Available Immediately As a prospective home purchaser youSenior Real Estate Specialist - SR • Plumbing - PenFed fixtures, lines, water2008-Present heaters, sewers.

Prudential Realty are&looking at potentially largestRecreational Resort Specialist - RR Long Foster Realtors - 1981- the 2008 •S tructural - doors, windows, roof, foundation, drainage, investment will for make in firm yourShort Sale Foreclosure Certificate Licensed in 1979you -hazards. worked a small and environmental life and you want to make sure thatResort Second Home Property It is always recommended that a buyer investment isAssociation sound and of safe for you get a home and other inspections.

Member Coastal Realtors Specialist-RSPS and your family.

Broker Price Opinion - BPOR Maryland Association of Realtors 1031 Exchange Specialist National Association of Realtors REALTOR To help secure your investment we

Eddie Wilbanks SERVING certified inspector. A qualified inspectorINSPECTIONS will inspect and evaluate crit WILBANKS THE GREATER

alwaysinrecommend you have a professional inspection completed (Home Inspector) Licensed Maryland &that Delaware areas Association of MEMPHIS the structure, including but not to: Coastal of Realtors - Director - 3 limited Years Term AREA Coastal Association of Realtors - Treasurer - 2010-2011 Direct: 901-481-0341 • Mechanical - heating, air-conditioning, appliances.

Coastal Association of Realtors - Secretary - 2011-2012 • Plumbing - fixtures,inspections@wilbanks.biz lines, water heaters, sewers.

RPAC Chair - 2012 Licensed and Insured • NACHI Certified • Electrical - wiring. out of date Education Chairman for Coastal Assnsystems.

- 2009, 2010 • Structuraldoors,2005-2007 windows, roof, foundation, drainage, and Grievance Committee FaraCaptain.com |hazards.

Cell: (901) 500-8034 | Office: (901) 276-8800 Professional Standards - 2008-2009 environmental Finance Committee - 2011-present

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Captain Captain

Navigating home Navigating youyou home

Do You Have Reserve Funds?

At some point in time, your appliances will reach the end of their life term. Do you have enough saved up to purchase new appliances? If your answer is no, you may want to consider getting a Home Warranty - ask The Captain for details. Listed below is the average life expectancy for many common household appliances. **These are only estimates and were derived from manufacturers’ web sites and consumer resources.**

Major Appliances

Water heater, gas........................................................................................... 11-20 Water heater, electric...................................................................................... 13-20 Refrigerator, side by side......................................................................................14 Refrigerator, single door......................................................................................19 Washing machine, top load..................................................................................14 Washing machine, front load................................................................................11 Dryer..................................................................................................................13 Range, electric.....................................................................................................17 Range, gas..........................................................................................................15 Dishwasher..........................................................................................................10 Cook top........................................................................................................ 13-20

Mechanical Systems

Air conditioning compressor............................................................................ 10-15 Forced air furnace, heat pump......................................................................... 10-15 Baseboard electric heat system............................................................................ 20 Water pump.....................................................................................................7-10 Water softener.................................................................................................... 20

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Captain Captain

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Home Warranty A home warranty provides repair or replacement coverage for mechanical failures of major systems and appliances. Examples of the systems and appliances are (but not limited to): Air Conditioning System, Heating System, Electrical System, Plumbing System, Water Heater, Oven, Range, Cooktop, Refrigerator, Washer & Dryer, Dishwasher, Garbage Disposal, Sump Pump & Jetted Tub. Anyone can purchase a home warranty; SELLERS, BUYERS, INVESTORS and EXISTING HOMEOWNERS. The warranty offers peace of mind to everyone in a real estate transaction. It helps the transaction run smoother and keeps everyone happy along the way. It also prevents any kind of buyer’s remorse.

Talk to Bradford Sterling from Choice Home Warranty about details of coverage available in your area and how a warranty can help you.

AT CHOICE HOME WARRANTY, OUR FOCUS IS ON QUALITY...

providing quality home-warranty products to our customers, following up with quality customer service when our homeowners contact us, building quality business relationships with our contractors, and ensuring quality work from our contracted technicians.

WHAT’S COVERED UNDER YOUR POLICY Single-Family Home (under 5,000 sq. ft.)

BRADFORD STERLING bsterling@choicehomewarranty.com For All Orders & Questions Call me: 901-870-2334 realtor.choicehomewarranty.com

SYSTEMS & APPLIANCES COVERED: Heating Central Air Conditioning Ductwork Electrical System Garage Door Openers Attic, Ceiling & Exhaust Fans Plumbing System

Plumbing Stoppages Water Heater Sump Pump (permanently installed) Dishwasher Oven/Range/Cooktop Built-In Microwave Garbage Disposal Trash Compactor

Clothes Washer & Dryer Kitchen Refrigerator Plumbing Upgrade* Heating & Air Conditioning Upgrade* Appliances Upgrade* Permit Fees* Code Violations*

OUR FIRST TRADE CALL FEE IS FREE! ($65 VALUE) • CHOICE Ultimate Plan $550 $65 Service Call Fee Applies To All Others

FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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What Is TITLE INSURANCE? Required for the purchase of a home, title insurance protects the mortgage lender from hidden title defects. This includes liens that were not detected in the title search, but may prohibit the transfer of the title from the seller to the buyer. At a small additional cost, an owner’s title insurance policy can also be purchased to protect the buyer’s interest in the property from the same defects. The title insurance company will, at its own expense, defend the title and/or pay losses if they occur. The cost of title insurance is part of a buyer’s closing costs.

Griffin Clift Everton & Maschmeyer, PLLC

Real estate closings have and continue to be the forefront of our law practice here at Griffin, Clift, Everton & Maschmeyer, PLLC for over 40 years.

This area of practice extends to client representation for residential closings and refinances, construction loans, development projects and any type of commercial real estate transaction. Our clients include buyers, sellers, borrowers, lenders, contractors and developers.

When I send my Buyers to Griffin Clift Everton & Maschmeyer, PLLC, I know they will be taken care of from the start to the finish. Rob always ensures my clients are satisfied. He has a great personality and makes the closing process an enjoyable experience.

Rob’s team is always available for questions and concerns. In the rare instance that we are in a pressing situation, we have been able to overcome the obstacles and work together as a team. I will never forget the day when my clients were pressed for time on their closing. Rob had his car keys out at the table, after my client was complete with signing papers, Rob hopped in his car and made sure the swap took place, he returned back within 10 minutes and we were closed. He’s a rare find in this industry, I don’t know what I’d do without him and his team! ~ Fara Captain

ROB M. DRAUGHON, III ATTORNEY

Griffin, Clift, Everton & Maschmeyer, PLLC

6489 Quail Hollow, Suite 100 Memphis, TN 38120 (901) 752-1133 rob@gcemlaw.com www.gcemlaw.com

Captain Captain

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Hear it From the Locals

“Memphis is a great place to live. There’s a genuinely friendly vibe, a great food scene, and the cost of living is ridiculous - in a good way. It’s also an easy place to get around and the traffic, when compared to other major cities, is pretty much a non-issue. And if you’re into music, you can enjoy amazing talent just about any night of the week, if you know where to go.”

- Troy, Memphian “I love Memphis’s history, which can be seen along its streets, storefronts, and houses, and can be experienced in places like Sun Studio, Stax, and the National Civil Rights Museum. I love Memphis’s food, with all of its Southern traditions, from its famous BBQ to Gus’s Chicken. And most of all, I love its soul, which can be felt in its music, its food, bars and taverns, streets, sports, and in its people.”

- Mark, Memphian “We love the Culture and the sense of Community that Memphis has. From the music, the food, the history, and the people- every piece makes it feel like a home.”

- Matt, Memphian “I love Memphis because it’s a big city, but feels like a small town. Whether it’s supporting small businesses or local artists, Memphis has an incredible sense of local pride, and we love to show it!”

- Rebecca, Memphian “I love the energy in Memphis, whether it’s in our creativity or in our loyalty to this city. We, Memphians, are constantly reshaping this city to meet our innovative dreams. We also release our pride, like a supernova fireball, to support our Memphis favorites (the Tigers and Grizzlies). Try experiencing a Grizzlies game at the Grindhouse (aka FedEx Forum) to let this statement come to life.”

- Minna, Memphian “I have lived in several cities, states, & countries, and there is no place quite like Memphis. There is a sense of community that embraces you. It’s a city where I feel I can make a difference. It’s a city where almost everyone has at least one friend in common. You are always greeted positively, in a true Southern fashion, wherever you go. There is no place like HOME!” - Fara, Memphian

FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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Captain Captain

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Fun Things to do in Memphis There are many ways to experience and enjoy Memphis. Here’s a list of some of the locals’ favorites: • • • • • • • • • • • • • • • • • • • •

Spend the day exploring Shelby Farms (furry friends welcome) Visit Ya Ya and Le Le, the 2 giant pandas at the Memphis Zoo Walk along the river at Mud Island or Tom Lee Park Listen to live music at W.C. Handy Park on Beale Street Visit Elvis’s home, Graceland Watch a movie at the Summer Drive-In Watch the sunset from the Peabody rooftop, or Beale Street Landing Take a ride to the top of the Bass Pro Pyramid on America’s tallest free-standing elevator Cheer on our Memphis Tigers football team at the Liberty Bowl Watch the Nutcracker at Ballet of Memphis Catch a play at The Orpheum Theatre, Playhouse on the Square, or Hattiloo Theater E njoy some beautiful art at the East Buntyn Art Walk, V & E Greenline Art Walk, the Brooks Museum, or the Broad Avenue Arts District, to name a few.

Connect with nature at the Memphis Botanic Garden or Dixon Gallery and Gardens H ave fun & learn about history at The Civil Rights Museum, Mississippi River Museum, Chucalissa Indian Village, or the Fire Museum, among others.

Play ping pong, sip on your favorite cocktail, eat, or relax in a hammock at Railgarten Spend an day exploring the Pink Palace or Children’s Museum with your favorite kid Watch a Redbirds game at Autozone Park “Hoop” and holler for our Memphis Grizzlies, Hustle, or Tigers basketball Listen to music on your picnic blanket at the Levitt Shell or Collierville Concert series.

E xperience Memphis’s soul at its roots at the Memphis Rock N’ Soul Museum, Stax Museum, Memphis Music Hall of Fame, Sun Studio, & Blues Hall of Fame, are a few

Festivals, Parades, & Seasonal Fun Memphis, and its many micro-communities, offers a vast array of festivals, parades, and fun events as well.

There is always something going on, and there is definitely something for everyone! Here are just a few: • • • • • • • • •

Guitar drop on Beale Street on New Year’s Eve Beale Street St. Patrick’s Day Parade Memphis in May Twilight Tuesday Movie Nights At Beale Street Landing Trolley Nights on South Main St Indie Memphis Film Festival Crawfish Festivals: Rajun Cajun, Harbor Town, & Overton Square Germantown Festival Cooper Young Festival

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• • • •

Southern Heritage Classic Mid-South & Delta Fairs Stumbling Santa Pub Crawl F ourth of July Fireworks & Parades: Downtown, Midtown (Levitt Shell), Cooper Young, Central Gardens, Autozone Park, Collierville, Germantown, Bartlett, Millington, & Cordova •C hristmas Parades & Tree Lighting: Beale Street, Downtown, Botanic Garden, Collierville, Germantown, Saddle Creek, Whitehaven, Bartlett, Peabody, Arlington, Millington, & more

Captain Captain

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Your Moving Planner 6 To 8 Weeks Before

1 Day Before

 Contact a moving company and tell them the dates you plan to move; Set up a time for them to come out and provide an estimate.

 Leave mirrors and pictures on the walls for the movers to pack.

 Decide if you will pack yourself or have the movers do it.

 Take sheets and blankets off beds.

 Organize personal records, i.e. insurance,dental, prescription, financial etc.

 Unplug all TV sets 24 hours before move. Moving a set that has retained heat can cause damage.

 Start to use up things that can’t be moved.

Moving Day

4 To 6 Weeks Before

 Save all documents that will be needed for tax returns.

 Alert Post Office and subscriptions.

 Remain with movers until all your goods are loaded.

 Plan to cancel/transfer phone and utilities.

 Be sure you discuss exact address and directions with driver.

 Prepare a list of people to notify of your move and new address.

 Leave a note with new address and telephone number so new occupants can forward mail.

 Consider a garage or yard sale for unwanted items.

2 To 3 Weeks Before  Consider helping your children host their own “going away” party.  Assemble packing materials (boxes, tape, markers, knife).

 Make sure to call MLGW to connect services. If there will be an overlap with 2 residences, make sure to let MLGW know.

Call 901-820-7878 prompt: 1,2,3,1,1 (these prompts will by-pass voice recordings)  IMPORTANT! Make sure to let your agent know the day you have set up for services to start. If the seller arranges transfers before you connect, You could be without services for days or have to arrange to be absent at work for MLGW to show up. PLEASE let your agent know!

3 Days Before  Defrost freezer so it can dry for at least 24 hours.  Set aside valuables and personal documents not to be packed on moving van.

 If your new house is in a unincorporated area, you will need to find out the waste services provided. Contact your agent for info.

 Think about items to pack, but leave off the moving van... items that you will need upon arrival, such as: paper towels, toothpaste, tool kit, soap, toilet paper, bath towels, trash bags, snacks, pencil and paper and paper plates.

Sit Back and Relax. Let Our Movers Do the Heavy Lifting.

Licensed, Bonded & Insured for your Safety and Peace of Mind!

MOVING SERVICES INCLUDE: ★ Local & Long Distance ★ Short Distance ★ Apartment & Condo ★ Residential ★ Office Space ★ Government & Military ★ Corporate & Commercial

OTHER SERVICES INCLUDE: ★ Packing & Unpacking ★ Loading & Unloading ★ Dis-assembly & Assembly ★ Cleaning & Clearing ★ Packing Supplies

★ VISIT

US ONLINE OR CALL TO BOOK YOUR MOVE TODAY! 901.610.PACK ★ AMERICANVETERANSMOVING.COM

FaraCaptain.com | Cell: (901) 500-8034 | Office: (901) 276-8800

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Captain

Captain

Navigating you home

Navigating you home Fara Captain, Ninja Cell: (901) 500-8034 | FaraCaptain.com

Office: (901) 276-8800